Who is the author of 'How Asia Works'?

The author of 'How Asia Works' is Joe Studwell.

What are the main themes in 'How Asia Works'?

The main themes in 'How Asia Works' include Global Economics, Business and Economics, Economic Policy.

What genre is 'How Asia Works'?

'How Asia Works' is categorized as Business and Economics.

What are the main themes discussed in 'How Asia Works'?

The main themes discussed in 'How Asia Works' include the role of government policy in economic development, the importance of agriculture as a foundation for industrialization, the significance of education and human capital, and the impact of global trade on Asian economies. The book also emphasizes the differences between successful Asian economies and those that have struggled, highlighting the necessity of inclusive institutions and effective governance.

Who is the author of 'How Asia Works' and what is his background?

The author of 'How Asia Works' is Joe Studwell. He is a British journalist and author who has lived and worked in Asia for many years. Studwell has written extensively on Asian economies, particularly focusing on the political and economic development of East Asia. His background includes a degree from Cambridge University and experience as a journalist in various media outlets, as well as contributions to publications focused on financial and economic issues.

What key points does Joe Studwell make about the economic development of Asia?

In 'How Asia Works,' Joe Studwell emphasizes several key points regarding the economic development of Asia: State Intervention: Studwell argues that effective state intervention has been crucial in the economic successes of certain Asian countries. Governments played a pivotal role in guiding industrial policies and protecting key industries. Agricultural Productivity: The author highlights the importance of improving agricultural productivity as a foundational step in economic development. Successful Asian economies prioritized land reforms and agricultural advancements, which in turn created surplus labor for industrialization. Export-Led Growth: Studwell discusses the significance of export-led growth strategies, where nations focused on developing competitive export sectors. This approach helped integrate their economies into global markets and fostered economic growth. Investment in Human Capital: Education and the development of human capital are emphasized as vital components of economic success. Studwell explains that providing quality education and vocational training has been essential for creating a skilled workforce. Institutional Framework: The establishment of strong institutions and governance structures is seen as fundamental for sustaining growth and enabling economic resilience in Asian economies. Comparison of Models: Studwell contrasts different models of economic development within Asia, analyzing the successes and failures of countries like Japan, South Korea, and China compared to others that have struggled. Overall, the book outlines a comprehensive framework that combines state action, effective agricultural policies, export strategies, and human capital development as essential elements of successful economic development in Asia.

How does the book explain the role of agriculture in Asia's economic growth?

In 'How Asia Works,' Joe Studwell emphasizes the critical role of agriculture in Asia's economic growth by highlighting how effective agricultural policies and land reforms have led to increased productivity, supporting broader economic development. He argues that successful Asian economies, such as Japan, South Korea, and China, implemented strategies that prioritized agricultural development, which in turn freed up labor for industrialization and urbanization. The book outlines how investments in agricultural productivity not only boosted food security but also facilitated rural income growth, created a market for industrial goods, and laid the foundation for sustainable economic transformation. Studwell also discusses how countries that failed to prioritize agriculture often faced economic stagnation.

What lessons can be learned from the success stories of Asian economies as presented in the book?

The book 'How Asia Works' by Joe Studwell outlines several key lessons from the success stories of Asian economies. Here are some of the prominent lessons: Government Intervention: Effective government intervention is crucial for economic development. The author emphasizes that successful Asian economies often had strategic state involvement that guided resources, supported industries, and shaped economic policies to promote growth. Land Reform: Land reform is highlighted as a significant factor in achieving economic success. By redistributing land to small farmers, these economies were able to increase agricultural productivity, which laid the foundation for broader economic development. Export-led Growth: The importance of an export-led growth strategy is underscored. Successful Asian economies focused on integrating into global markets, which helped boost their economies by increasing production efficiency and generating foreign exchange. Investment in Human Capital: Investing in education and healthcare is emphasized as vital for long-term economic growth. A well-educated workforce is essential for innovation and productivity. Focus on Manufacturing: Developing a strong manufacturing base is presented as a common trait among successful Asian economies. This focus allowed countries to create jobs, boost exports, and drive economic growth. Incremental Reform: The book advocates for incremental and pragmatic reforms rather than shock therapy or rapid liberalization. Gradual reforms can help maintain stability and avoid social unrest. By analyzing these lessons, Studwell provides insights on how different policies and strategies have contributed to the remarkable growth of various Asian economies.

How Asia Works

In 'How Asia Works,' Joe Studwell explores the economic development of East Asia, revealing the secrets behind the remarkable success of countries like Japan, South Korea, and Taiwan. He argues that effective agricultural policies, manufacturing growth, and government intervention are key to their achievements. The narrative challenges conventional wisdom about free markets and globalization, offering insights into how regional leaders overcame challenges. Through vivid case studies, the book uncovers the intricacies of economic transformation in Asia. Prepare to rethink economic strategies and discover what truly drives prosperity in the world's most dynamic region!

By Joe Studwell

Published: 2014

""The true path to economic success in Asia lies not through blind adoption of Western models, but through a unique blend of local culture, strategic state intervention, and a focus on creating and nurturing competitive industries.""

Business and Economics Global Economics Economic Policy

Start Listening

0:000:00

What Readers Say About This Book

A provocative look at what has worked--and what hasn't--in East Asian economics. It explores how policies ridiculed by economists created titans in Japan, Korea and Taiwan, and are now behind the rise of China, while the best advice the West could offer sold its allies in south-east Asia down the economic river.

The Mike & Casey Show

Dive into captivating book discussions with our expert hosts

Key Points from How Asia Works

In "How Asia Works," Joe Studwell argues that the remarkable economic success of East Asian countries such as South Korea, Taiwan, and Japan can be largely attributed to strategic governmental interventions rather than an unbridled free market. For instance, in the case of South Korea, the government's active role in promoting the agricultural sector laid the foundation for subsequent industrialization. By investing in rice production improvements and creating a strong agricultural base, the government was able to ensure food security and mobilize surplus labor into manufacturing sectors. Additionally, Studwell highlights Japan's post-war economic policies, where the Ministry of International Trade and Industry (MITI) selectively supported specific industries such as automobiles and consumer electronics, thus rapidly industrializing the economy. This point is significant because it counters the neoliberal narrative that champions deregulated markets and minimal state intervention as a pathway to prosperity. Studwell's thesis underscores a critical theme in the book: the nuanced interplay between state-led strategies and market forces, suggesting that effective governance plays a pivotal role in economic outcomes. By analyzing these interventions, the book invites readers to rethink the conventional wisdom surrounding economic development, placing a spotlight on how activism from the state can yield remarkable growth.

About the Author

Joe Studwell

Joe Studwell is a British author and journalist, renowned for his in-depth analyses of economic development and political history in Asia. His notable works include 'Asian Godfathers' and 'How Asia Works,' both acclaimed for their insightful examination of the factors driving economic growth in the region. Studwell's writing style is characterized by its clarity and rigorous research, blending narrative storytelling with empirical data to provide readers with a comprehensive understanding of complex issues.

Book Details

Key information about the book.

Authors: Joe Studwell
Published: January 2014
Publisher: N/A
ISBN: 0802121322
Language: English
Pages: N/A
Genres: Global EconomicsBusiness and EconomicsEconomic Policy

Purchase Options

Buy on Amazon

Buy via BookShop

Support local bookstores: BookShop gives a portion of each sale to independent bookshops!

Similar books you might like →

A Farewell to Alms

Gregory Clark

Black Edge

Sheelah Kolhatkar

Wealth And Poverty Of Nations

David S Landes

The Rise and Fall of American Growth

Robert J. Gordon

The Great Convergence

Richard Baldwin

Against the Gods

Peter L. Bernstein

Democracy at Work

Richard D. Wolff

The Wealth of Nations

Adam Smith

Capital

Karl Marx

Breaking Rockefeller

Peter B. Doran

A History of Economic Theory

Jürg Niehans

Economics in One Lesson

Henry Hazlitt

Big, Hot, Cheap, and Right

Erica Grieder

The Box

Marc Levinson

An Empire of Wealth

John Steele Gordon

The Prize

Daniel Yergin

A Great Leap Forward

Alexander J. Field

Doughnut Economics

Kate Raworth

The New Geography of Jobs

Enrico Moretti

Keeping At It

Paul Volcker, Christine Harper

Essays in Persuasion

John Maynard Keynes

Average is Over

Tyler Cowen

A Splendid Exchange

William J. Bernstein

Money Changes Everything

William N. Goetzmann

A Short History of Financial Euphoria

John Kenneth Galbraith

The Only Game in Town

Mohamed A. El-Erian

The Scandal of Money

George Gilder

The Upside of Inequality

Edward Conard

Business Cycles

Joseph A. Schumpeter

In Defense of Global Capitalism

Johan Norberg

Take your reading experience to the next level

Download our mobile app to enjoy your favorite books on the go. Get access to exclusive features, offline listening, and personalized recommendations.

Book Collections you might like →

Charlie Munger's Book Recommendations

Charlie Munger is an American investor, businessman, and philanthropist, best known as the vice chairman of Berkshire Hathaway, where he partners with Warren Buffett. Renowned for his insights on investment strategies and mental models, Munger has significantly influenced the world of finance. His notable literary contributions include "Poor Charlie's Almanack," a compilation of his speeches and writings that distill his wisdom on decision-making and business principles. Munger's work emphasizes the importance of multidisciplinary thinking and continuous learning. Beyond his financial acumen, he is celebrated for his charitable efforts, particularly in education and healthcare.

View Collection

Ray Dalio's Book Recommendations

Ray Dalio is the founder of Bridgewater Associates, one of the largest and most successful hedge funds in the world. He is also the author of the bestselling book Principles, where he outlines his philosophy on life, leadership, and investing. Ray is renowned for his unique approach to transparency, radical truth, and thoughtful disagreement within organizations. His insights into economics and investing have made him one of the most influential figures in the financial world. Dalio continues to be a thought leader in business, economics, and philanthropy.

View Collection

Barack Obama's Book Recommendations

Barack Obama is the 44th President of the United States, serving from 2009 to 2017. As the first African American president, Obama’s leadership marked a historic moment in American history. His administration focused on healthcare reform, economic recovery from the Great Recession, and environmental policies. He is best known for the Affordable Care Act, as well as his efforts to expand civil rights and restore diplomatic relations with Cuba. Since leaving office, Obama has continued to engage in public life through his foundation, focusing on leadership development, civic engagement, and global issues.

View Collection

Changpeng Zhao's Book Recommendations

Changpeng Zhao, commonly known as "CZ," is a prominent figure in the cryptocurrency world and the founder and CEO of Binance, the world's largest cryptocurrency exchange by trading volume. Although not a traditional literary figure, Zhao has significantly contributed to the understanding and proliferation of blockchain technology through numerous articles, interviews, and public speaking engagements. His insights and leadership have been instrumental in shaping modern digital finance. Zhao's journey from coding at Bloomberg to creating Binance has been documented in various publications, shedding light on the transformative potential of cryptocurrencies. Through his work, CZ continues to influence both the financial and technological landscapes globally.

View Collection

Bill Gates's Book Recommendations

Bill Gates, co-founder of Microsoft Corporation, is a pioneering figure in the tech industry, having played a key role in the personal computer revolution. His work at Microsoft, particularly the development of Windows, transformed software and computing globally. Beyond his technology contributions, Gates is also a prolific author, with notable works such as "The Road Ahead" and "Business @ the Speed of Thought," which offer insights into the future of technology and business. Additionally, his philanthropic efforts through the Bill & Melinda Gates Foundation have had a profound impact on global health, education, and poverty. Gates continues to influence both technology and literature with his forward-thinking perspectives and innovative ideas.

View Collection

Brian Tracy's Book Recommendations

Brian Tracy is a renowned Canadian-American motivational speaker, self-development author, and business consultant. He has written over 70 books, including bestsellers like "Eat That Frog!" and "The Psychology of Achievement," which have been translated into dozens of languages. Tracy's work primarily focuses on personal success, leadership, time management, and sales strategies. He has also delivered over 5,000 speeches and seminars around the world, inspiring millions to improve their lives and careers. His practical advice and actionable insights have cemented his reputation as a leading authority in personal and professional development.

View Collection

Raoul Pal's Book Recommendations

Raoul Pal is a British economist, investment strategist, and co-founder of Real Vision, a financial media company that provides in-depth analysis of global markets and economies. Pal is known for his insights on macroeconomics, cryptocurrency, and investment trends, often sharing his expertise through interviews, reports, and documentaries. Before founding Real Vision, Pal worked at Goldman Sachs and managed a global macro hedge fund. He is a strong advocate for decentralized finance (DeFi) and frequently discusses the future of digital currencies and blockchain technology. His forward-thinking perspectives on finance have earned him a large following among investors and financial professionals.

View Collection

Adam Grant's Book Recommendations

Adam Grant is a renowned organizational psychologist and bestselling author, celebrated for his influential work on motivation and workplace dynamics. He is a professor at the Wharton School of the University of Pennsylvania, where he has been the youngest tenured professor and earned numerous teaching awards. Grant's books, including "Give and Take," "Originals," and "Think Again," have been translated into multiple languages and have topped bestseller lists worldwide. His research and insights are frequently featured in major media outlets, and he hosts the popular podcast "WorkLife." Through his writing and speaking, Grant has profoundly impacted the fields of psychology, business, and education.

View Collection

“"The true path to economic success in Asia lies not through blind adoption of Western models, but through a unique blend of local culture, strategic state intervention, and a focus on creating and nurturing competitive industries."”

How Asia Works

By Joe Studwell

Frequently Asked Questions

Explore Our Catalogue

Discover a world of knowledge through our extensive collection of book summaries.

How Asia Works

Start Listening

What Readers Say About This Book

The Mike & Casey Show

Key Points from How Asia Works

About the Author

Joe Studwell

Book Details

Purchase Options

Similar books you might like →

A Farewell to Alms

Black Edge

Wealth And Poverty Of Nations

The Rise and Fall of American Growth

The Great Convergence

Against the Gods

Democracy at Work

The Wealth of Nations

Capital

Breaking Rockefeller

A History of Economic Theory

Economics in One Lesson

Big, Hot, Cheap, and Right

The Box

An Empire of Wealth

The Prize

A Great Leap Forward

Doughnut Economics

The New Geography of Jobs

Keeping At It

Essays in Persuasion

Average is Over

A Splendid Exchange

Money Changes Everything

A Short History of Financial Euphoria

The Only Game in Town

The Scandal of Money

The Upside of Inequality

Business Cycles

In Defense of Global Capitalism

Take your reading experience to the next level

Book Collections you might like →

Charlie Munger's Book Recommendations

Ray Dalio's Book Recommendations

Barack Obama's Book Recommendations

Changpeng Zhao's Book Recommendations

Bill Gates's Book Recommendations

Brian Tracy's Book Recommendations

Raoul Pal's Book Recommendations

Adam Grant's Book Recommendations

Frequently Asked Questions

Explore Our Catalogue

Genres

Genres

Genres

Featured Collections